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Lingang Group and Cisco signed a memorandum of cooperation to build an intelligent AI+ ecosystem. According to Shanghai Lingang News, Lingang Group and Cisco China signed a memorandum of cooperation on December 11th, and both parties will work together to build an intelligent AI+ ecosystem. Lingang Group will empower Cisco to enhance the core competitiveness and market-oriented application of its core AI products through projects in the fields of AI+ intelligent computing scenarios, vehicle network collaboration and smart travel in industrial zones, and will support Cisco to promote the digital transformation and continuous iteration of industrial zones. Cisco will fully participate in the construction of the AI innovation platform in the industrial zone, help the industrial zone to cultivate and build a digital industry team, and provide all-round assistance for the digital development of the industrial zone.EDI SUSIANTO, Executive Director of the Bank of Indonesia: The decline of the Indonesian rupiah was affected by global sentiment and the rise of the US dollar.Wofei Sky Global Headquarters Base started in Chengdu. On December 12th, Wofei Sky Global Headquarters Base officially started in Chengdu High-tech Zone Future Science and Technology City. The first phase of the project started this time covers an area of about 30 mu, with a planned construction area of 26,700 square meters. It will build a production chain including composite material production, component assembly, painting, machine assembly, flight test, etc., which is mainly used for mass production of Wofei Changkong self-developed AE200 products.

According to CITIC Securities, it is necessary for deficit ratio to rise to nearly 4%, and mortgage interest rates is expected to fall further. According to Yicai, the Central Economic Work Conference was held in Beijing on December 11th and 12th. Regarding what it means to change the tone of fiscal policy from "positive" to "more positive", the chief economist of CITIC Securities clearly said that I think it means that the whole fiscal policy will be further expanded next year. First of all, from the perspective of deficit ratio, our deficit ratio is 3% this year and 3% at the beginning of last year. However, we had a special budget adjustment at the end of last year, so the deficit ratio from the end of last year to the end of last year was actually 3.8%. Looking forward to next year, we think that the ratio that may be close to 4% should be the effect that everyone expects to achieve at present. In terms of monetary policy, we can see a series of monetary policies, including further relaxing some restrictions on purchase restriction and loan restriction, including the down payment ratio, and a particularly important one is to reduce the mortgage interest rates. I think these monetary policies will be further promoted in the future, and even further declined in mortgage interest rates, for example.Treasury futures closed in early trading, with 30-year main contracts up 0.74%, 10-year main contracts up 0.41%, 5-year main contracts up 0.28% and 2-year main contracts up 0.09%.Hong Kong stock black sesame intelligence once rose more than 20%. The company was recently included in the Hong Kong Stock Connect, and its interim net profit turned a profit year-on-year.

Scientific and technological innovation leads the high-quality development of the economy, and the 100tf (588,190) of Science and Technology Innovation may meet the layout window period. By midday on December 13th, the 100tf (588,190) of Science and Technology Innovation had fallen by 2.08%, with a turnover of 181 million yuan. The constituent stocks are mixed. In terms of rising, Alice led the rise, and Hengxuan Technology followed suit. In terms of decline, Guo Dun Quantum led the decline, while Core Source followed slightly. In the news, from December 11th to 12th, the Central Economic Work Conference was held in Beijing, which made a systematic plan for next year's economic work. Regarding the highlights of the conference, CITIC Jiantou said that "scientific and technological innovation" ranked first in the ranking of key tasks last year, and it was divided into independent segments and listed a number of emerging technologies, industries and tracks in a large space. This year's science and technology-related expressions focus on "artificial intelligence+",and we expect "AI+" to be the core variety of future science and technology themes. In addition, scientific and technological innovation is in the big paragraph of "new quality productivity" this year, ranking second in all key tasks. Wanlian Securities said that scientific and technological innovation is the vanguard to lead the high-quality economic development, and it is also the only way for the transformation and upgrading of traditional industries, emerging industries and future industries to grow and develop.Afternoon comment: index adjustment The Shanghai Composite Index fell by 1.49% in half a day. Bean bag concept stocks were strong in early trading, and the index was collectively adjusted in early trading. The three major stock indexes all fell by more than 1%. In terms of sectors, the concept stocks of bean bags were strong in early trading, and the collective daily limit of three-dimensional communication, Beiwei Technology, Global Printing, and Zhewen Internet; The concept of ice and snow industry continued its upward trend. Jingxue energy-saving 20cm daily limit, iceberg cold and hot, snowman shares and other daily limit closures; The game e-sports sector is active, and the daily limit of Zhewen Internet and Electric Soul Network is up; Real estate stocks continued to adjust, and Hefei Urban Construction and Gorgeous Family were among the top losers. Food, liquor and other consumer sectors fell into a callback, and Yiming food fell to a limit; Insurance stocks weakened collectively, led by China Life Insurance. Overall, individual stocks showed a general decline trend, with more than 4,100 stocks falling. On the disk, the Aauto Quicker concept, short play games and cultural media sectors were among the top gainers, while the insurance, liquor and real estate sectors were among the top losers.Huatai Securities: The countercyclical adjustment is stronger than expected, and the expansion of domestic demand may fall on the policy of boosting consumption. Huatai Securities believes that the macro-policy orientation conveyed by the Central Economic Work Conference is more positive, in fiscal policy (expanding deficit, increasing special national debt, expanding the use scope of special debt, etc.), monetary policy (moderately easing, timely lowering the RRR and cutting interest rates), real estate and capital market (stabilizing the property market and stock market), and expanding domestic demand policy (implementing special actions to boost consumption) In terms of currency securities, Huatai Securities believes that there is still room for interest rate cuts. On the one hand, the current real interest rate level is still high in horizontal comparison; On the other hand, credit expansion, especially the balance sheet expansion of developers and local governments, is relatively weak, and the cost of capital has room for further decline. It is expected that the central bank will cut interest rates by 30-50 basis points next year, but the pace may be affected by external changes and exchange rates.